Today, while checking some posts, I found out about a new tribe token on hive that is called BBHO. Well, it's not totally new, the front-end of this tribe went online about one month ago. It's definitely not always easy to stay on top of things on Hive...
Would you say that tribe tokens are a success story?
I would say that we have had a lot of rather unsuccessful examples of tribe tokens. Some are still surviving but in most cases the value of the tokens decreased over time. The life circle of these tribes is similar for most of them. At the very beginning, they seem very attractive. Because of the little initial supply, the return of these tokens can be pretty amazing. Unfortunately, after a time the return goes down as does the interest in the token. As a result in most cases the value of the token decreases in the long run.
Will it be different for BBHO?
When looking at tokens on Hive-Engine, I believe the single most important aspect is the person or group of people who run the project. The owner of the BBHO token is @bradleyarrow. He joined this blockchain in 2019 not long after I joined. I believe that he came to hive through CTP which was run by @jongolson. It's quite amazing to look at his path here on hive. He first started by creating and consuming content before he started to build things. Today, he runs several tokens (BBH, BBHM and BBHO) and he also runs a hive-engine witness node. The value of his tokens so far have not only been stable, they actually rather increased over time. When holding BBH tokens, you canget some interesting dividends.
Now, I can't say that it will be the same for BBHO. However, I believe that Bradley is very hard working and he always seems to put the needs of his projects before his own ones.
How does BBHO work?
The project runs it's own front end: https://www.thebbhproject.com. It's simply another outpost hive front-end that shows all the posts that are tagged with the following specific tags: bbh, inleo, drip, tip, passive. If one of these tags is added to a post, it will show on this front-end and it will also be elegible to get rewards in BBHO tokens.
50% of the rewards go to the author and 50% go to the curator. Half of all the rewards are distributed in staked form. You need to stake your BBHO in order to be able to curate with it. It takes 7 days to unstake your tokens.
What I find remarkable is that everybody is welcome to use the BBH tag and there is no limit of content. So you can basically post anything in this tribe. It can therefore represent a nice side income to use the BBH tag on your posts.
Tokenomics
Airdrop
There was an initial airdrop that distributed 37'776 tokens to the people who had given BEE tokens in order to sponsor the creation of the tokens and the front-end. There are a couple of thousands BBHO tokens for which I can't figure out the provenance. Probably they were created at an earlier stage before the front-end came out.
Distribution
There are 2 BBHO token minted every 60 seconds. Over a day, 2'880 tokens are created. There are no other ways to create tokens than through curation and author rewards.
At the moment, around 179'000 tokens are in circulation and a bit more than 50% of these tokens are staked. The max supply is 21 million tokens and analogue to BTC, there will be a halving of rewards whenever there is a halving with BTC.
When I look at the growth of the token at the moment, it's north of 580% which is pretty impressive. This is not the curation return which is more difficult to calculate because I don't really know how many tokens are staked. That's the growth of the supply based on the numbers above. This growth will come down over time.
However, it's a pretty interesting opportunity to become a whale in this token. In general, being early in with tribe tokens gives you a significant advantage.
But will BBHO end like so many other tribe tokens?
I don't really know how @bradleyarrow plans to give value to the token but he writes in his post that the front-end is only the very first step of the project and he has a real long term vision. When I look at BBH and his ability to distribute rewards to the token holders, I believe that there are real plans to give value to the project.
Of course this is not financial device and it's up to you to figure out whether there is a chance that BBHO will be more successful than 90% of the tribe tokens from the past...
Let's connect ! You can find me on these platforms:
Thank you so much for this post :) I am honored.
Yes I have things in the works, but something work and some don't. So I am staying tight lipped until the changes occur.
Lets just say I got the project coder drove nuts. lol
!BBH !DOOK
I'm looking forward hearing more about what you have up your sleeves :-)
!INDEED :) !BBH !DOOK
@achim03! @bradleyarrow likes your content! so I just sent 1 BBH to your account on behalf of @bradleyarrow. (24/100)
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(4/100)
@achim03! @bradleyarrow Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @bradleyarrow.
Tribe tokens on Hive kind of feel like memecoins, in the end they are more or less worthless.
In theory they are good way to group specific content and create a real community, but the fact is that 98%+ of those who use the tag don't care and only really aim to sell the tokens for some extra profit. Add to this that the frontend sites usually are just way slower and the fact that upvotes collide with hive upvotes when you have HP to curate ideally needs user to have a tribe specific account.
That said, thanks for the info, I'll see if I can use the tag in my posts.
I agree on that and I hope that people have learned from it. There are actually ways to give value to these tokens...
pretty much in agreement with costanza
Let's hope that this project will not repeat the mistakes of the past...
Well, thanks for this piece of info! This is actually the first time I've heard of this token. I'm not too confident with tribe tokens at the moment (given past experience), but if it's risk free earning from tags in my posts, then I guess why not! 😁
You definitely don't take any risk if you add this tag to your posts and we can never know how things evolve. Maybe they will do things much better than in the past :-)
Thanks for the info! It looks like it could be a replacement front end for CTP that was quite popular and great for building community.
It's nice to see projects being built and I believe that it's possible not to repeat the same mistakes that the old tribes had...
Bradley is a nice and consistent guy and I hope this new venture works out for him. Haven't looked at the front end yet, but I did see a couple of posts on this topic. Initially, I thought it is an addition to his other token BBH, but I've seen it's a new one.
Yes, I was also first a bit confused but they are two separate tokens.
I am also a little skeptical about the tribe tokens. It's hard to maintain value but I think Bradley can do well. He is very active and he does try to add value to the tokens. Let's see how things go.
I also think that it's not easy but I believe it's not impossible and that people can learn from the issues of the tribe tokens from the past.
Ah I saw this token today - and I just went to swap into SWAP.Hive! Now I have more idea what this is about! Thanks for sharing!
!LUV
It could be an idea to keep the tokens and to build a stake ;-)
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Thanks a lot for the curation!
This new token has been topping posts now
I’ve seen it so many times today
That’s awesome
It's good to see the energy :-)
!WINE
Thanks for sharing it!
@achim03! @bradleyarrow likes your content! so I just sent 1 BBH to your account on behalf of @bradleyarrow. (19/100)
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Thank you so much for the peice of this information. It was really worth it and I was actually able to get a whole lot of things there I must confess
You are welcome
#tip eh? !PIZZA
$PIZZA slices delivered:
@darkflame(1/15) tipped @achim03
This is a great initiative and this information you put out here would be beneficial, not just to me but for every Hivean.
Hello achim03!
It's nice to let you know that your article won 🥈 place.
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